Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Admiral ( (GB:ADM) ) has provided an announcement.
Admiral Group plc has announced the sale of its U.S. motor insurance business, including Elephant Insurance Company, to J.C. Flowers & Co., a global private investment firm. This strategic move allows Admiral to focus on growth opportunities in the UK and Mainland Europe, while J.C. Flowers aims to leverage its expertise to foster Elephant Insurance’s development as a standalone entity.
Spark’s Take on GB:ADM Stock
According to Spark, TipRanks’ AI Analyst, GB:ADM is a Outperform.
Admiral Group shows a strong overall financial position with robust revenue growth and profitability. The technical analysis indicates positive momentum, while the valuation is attractive due to a reasonable P/E ratio and high dividend yield. The earnings call reinforces the company’s positive trajectory with record profitability and strategic growth, although regulatory challenges and international market issues present some risks.
To see Spark’s full report on GB:ADM stock, click here.
More about Admiral
Admiral Group plc is a leading FTSE 100 Financial Services company offering motor, household, travel, and pet insurance as well as personal lending products. Established in 1993 in the UK, the Group now has offices in Canada, France, Gibraltar, India, Italy, Spain, and the US.
YTD Price Performance: 21.10%
Average Trading Volume: 621,759
Technical Sentiment Signal: Sell
Current Market Cap: £9.81B
Learn more about ADM stock on TipRanks’ Stock Analysis page.
Trending Articles:
- Bank of America Puts New Street-High Price Target on Dollar General (NYSE:DG) Stock
- “Beyond What we Originally Expected”: Booz Allen Stock (NYSE:BAH) Plummets as Near-Decimation of Workforce Planned
- ‘Early Stages of a Recession’: Canada Hits the Skids as iShares S&P / TSX 60 Index ETF Stock (TSE:XIU) Slips
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue